SOURCE: Marketcetera

Marketcetera

October 26, 2009 09:12 ET

Lime Brokerage LLC and Marketcetera Enable Rapid Implementation of New Equities Trading Strategies

NEW YORK, NY--(Marketwire - October 26, 2009) - Lime Brokerage LLC and Marketcetera today announced a solution that enables professional traders, hedge funds, asset managers and broker-dealers to create and implement new trading strategies faster than traditional proprietary trading solutions. Lime Brokerage will offer the Marketcetera Automated Trading Platform with its existing high-throughput, low-latency solutions.

Designed for rapid deployment and low-latency processing, Marketcetera's Automated Trading Platform offers a fully integrated approach across the entire trading cycle, integrating market data for price discovery, automated analysis and trade execution using a client's proprietary black-box trading logic.

"There is a tremendous wave of innovation and creation on Wall Street right now," said Graham Miller, co-founder and CEO of Marketcetera. "As the evolution of equities trading undergoes this transformation, we're seeing seasoned veterans opening up new shops. They don't want to use the same limiting technologies that are slow to move and beyond their budget; they need to leverage faster, open trading solutions to move with the ebb and flow of the market."

The structure of Wall Street is quickly changing as traditional exchanges now compete with multiple specialized liquidity venues. In order to plug into the wide-ranging sources of liquidity, equity traders require highly scalable technology solutions that can support high-frequency trades at all venues. Lime Brokerage's robust and advanced solutions offer customers added choice and flexibility when executing equities transactions on multiple exchanges, ECNs and trading venues.

"Lime Brokerage's customers have some of the most demanding requirements for low-latency, high-throughput and reliable performance," said Deborah Mittelman, Director of Product - US Equities, at Lime Brokerage. "Marketcetera's open-source platform provides a solution our customers can control and shape to suit their complex event processing needs."

About Lime Brokerage

Providing customers with well-engineered trading solutions that deliver speed, scale and reliability is the hallmark of Lime Brokerage. Lime Brokerage integrates world-class advanced execution technology with clearing and reporting services for seamless support of even the most complex, automated and high-volume electronic trading strategies. Our technology and trading platform allows our customers to access an independent, agency-only system to trade quickly, reliably and anonymously on multiple exchanges, ECNs and trading venues. Clients include professional traders, hedge funds, asset managers and other broker-dealers. For more information about Lime Brokerage, please visit www.limebrokerage.com or email info@limebrokerage.com.

About Marketcetera

Marketcetera (www.marketcetera.com) provides open source software for automated trading systems. By providing maximum flexibility and technology choice to financial services institutions of all sizes, Marketcetera's platform lets brokers and traders build effective automated trading systems, develop proprietary algorithms, create order management solutions and manage risk faster, easier and at much lower cost than with closed platforms.

For more information about Marketcetera, please visit http://www.marketcetera.com and http://blog.marketcetera.com.

Contact Information